Grantham Mayo Van Otterloo & Co. LLC Lowers Stake in Walmart Inc. (NYSE:WMT)

Grantham Mayo Van Otterloo & Co. LLC lowered its position in shares of Walmart Inc. (NYSE:WMTGet Rating) by 13.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,285 shares of the retailer’s stock after selling 15,600 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Walmart were worth $12,193,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Walmart by 0.4% during the first quarter. Vanguard Group Inc. now owns 125,681,258 shares of the retailer’s stock valued at $18,716,452,000 after purchasing an additional 520,788 shares in the last quarter. GQG Partners LLC lifted its holdings in shares of Walmart by 48.0% in the first quarter. GQG Partners LLC now owns 15,431,684 shares of the retailer’s stock worth $2,297,510,000 after buying an additional 5,007,342 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Walmart by 2.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,904,858 shares of the retailer’s stock worth $1,623,951,000 after buying an additional 303,726 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Walmart by 7.0% in the first quarter. Invesco Ltd. now owns 9,319,525 shares of the retailer’s stock worth $1,387,864,000 after buying an additional 608,621 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Walmart by 13.4% in the first quarter. Swiss National Bank now owns 6,642,783 shares of the retailer’s stock worth $989,243,000 after buying an additional 784,900 shares in the last quarter. Hedge funds and other institutional investors own 31.26% of the company’s stock.

Walmart Stock Performance

Shares of Walmart stock opened at $152.42 on Thursday. Walmart Inc. has a 52 week low of $117.27 and a 52 week high of $160.77. The company has a 50 day moving average price of $137.33 and a 200 day moving average price of $132.12. The company has a quick ratio of 0.23, a current ratio of 0.86 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $413.70 billion, a P/E ratio of 47.04, a PEG ratio of 4.54 and a beta of 0.52.

Walmart (NYSE:WMTGet Rating) last issued its quarterly earnings results on Tuesday, November 15th. The retailer reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.18. The company had revenue of $152.80 billion for the quarter, compared to the consensus estimate of $146.80 billion. Walmart had a net margin of 1.49% and a return on equity of 19.54%. Walmart’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.45 EPS. Sell-side analysts expect that Walmart Inc. will post 6.08 EPS for the current year.

Walmart declared that its Board of Directors has authorized a share repurchase plan on Tuesday, November 15th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the retailer to reacquire up to 5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Cowen boosted their target price on shares of Walmart from $165.00 to $175.00 in a report on Wednesday, November 16th. TheStreet raised shares of Walmart from a “c+” rating to a “b” rating in a research note on Thursday, September 29th. Wells Fargo & Company upped their price target on shares of Walmart from $130.00 to $155.00 in a research note on Tuesday, August 16th. Stifel Nicolaus upped their price target on shares of Walmart from $149.00 to $157.00 in a research note on Wednesday, November 16th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Walmart from $162.00 to $161.00 in a research note on Friday, November 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.14.

Insider Transactions at Walmart

In other news, EVP John R. Furner sold 4,375 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $134.38, for a total transaction of $587,912.50. Following the sale, the executive vice president now owns 268,183 shares of the company’s stock, valued at approximately $36,038,431.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP John R. Furner sold 4,375 shares of Walmart stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $134.38, for a total value of $587,912.50. Following the sale, the executive vice president now owns 268,183 shares of the company’s stock, valued at approximately $36,038,431.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Rachel L. Brand sold 4,853 shares of Walmart stock in a transaction on Monday, November 21st. The shares were sold at an average price of $150.66, for a total transaction of $731,152.98. Following the completion of the sale, the executive vice president now directly owns 179,496 shares in the company, valued at approximately $27,042,867.36. The disclosure for this sale can be found here. Insiders have sold 3,723,319 shares of company stock valued at $551,899,783 in the last 90 days. 47.06% of the stock is currently owned by company insiders.

About Walmart

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Walmart Inc engages in the operation of retail, wholesale, and other units worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

See Also

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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